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Meat processing company JBS paid $11M to settle REvil ransomware attack
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Another day and another company has paid a ransom following an attack, a concession that likely will encourage ransomware gangs to target even more companies.
Today’s news involves global meat processing company JBS S.A. The company was in the news June 1 after it was struck by a ransomware attack that caused it to suspend operations in North America and Australia.
JBS paid an equivalent to $11 million in cryptocurrency to resolve its ransomware issue and openly admits so. “This was a very difficult decision to make for our company and for me personally,” Andre Nogueira, the chief executive officer of JBS USA, was quoted by the Associated Press as saying. “However, we felt this decision had to be made to prevent any potential risk for our customers.”